Qwest Earnings Double

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August 1, 2007 @ 09:43

Qwest Communications International Inc. posted second-quarter earnings Wednesday that more than doubled from the same period last year.

The Denver-based phone company said net income was $246 million, or 13 cents per share, compared with $117 million, or 6 cents per share, during the second quarter in 2006. It was the sixth consecutive quarter Qwest netted a profit.

Qwest did miss analyst expectations, though, sending stocks down in morning trading. Analysts had been estimating that the companys net income would be 14 or 15 cents oer share. Qwest shares were down 2.1 percent to $8.35.

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